Comment 39313

By highwater (registered) | Posted March 30, 2010 at 18:16:27

Good business decision for Labatt but not good for the community.

Great business decision for Cascioli too. She's laughing all the way to Burlington.

Of course they're going to sell the equipment, but wouldn't it be worth more working and in a functional plant? Of course that would enable someone else to move in and start making beer in Hamilton, eating into their market share. Maybe they would have to buy the plant again.

They don't own the plant. It's owned by the Port Authority and they have been leasing it. They do own the equipment however, so I suppose it makes sense that they would try to sell it as it's their only asset. How much do you want to bet it goes for scrap? Also, the lease has two more years left on it and they plan to see it out, they aren't saying how.

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